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Value Investing Congress: Attracted to Global Risk

Posted
9/17/2013 2:43:00 PM
By: Wyatt Investment Research
Referenced Stocks:MSFT;WSH

Jeff Ubben is a hedge fund manager who doesn't hedge.  As a result, he sets a very high bar for investments at ValueAct Capital.

While he's an activist investor, Jeff's focused on building relationships with management and influencing positive change. Unlike other activist investors, ValueAct doesn't use proxy contests or public threats toward their investments.

That's one of the reasons that his partner was recently asked to join the board of directors at Microsoft (Nasdaq: MSFT) . ValueAct invested $2 billion in Microsoft several months ago, and sees value.

But Ubben wasn't at the Value Investing Congress to discuss Microsoft (it's the one thing he refused to discuss.  Instead, he was here to talk about an insurance company called Willis ( WSH ).  Here are the notes from that presentation.

Recommends Willis ( WSH )